Question: Using the GST HST Return, complete the return using the following information. You will not be using the quick method: Billions of Bangles' is located
Using the GST HST Return, complete the return using the following information. You will not be using the quick method:
Billions of Bangles' is located in Ontario. The income statement shows that sales for the period were $
The GSTHST Collected account has a balance of $
The GSTHST Paid account has a balance of $
The Bad Debt expense account has a balance of $ for two invoices that were written off after months of the customer paying the invoices.
Billions of Bangles paid a total of $ in instalments for this period.
Assume that all sales are taxable sales. The business made no purchases of real property or emissions allowances.
Arrive at the amount that Billions of Bangles will either pay or claim.
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